Vertexplus Technologies Limited IPO Detail
Incorporated in 2010, Vertexplus Technologies Limited is an ISO 9001:2015 and ISO/IEC 27001:2013 certified Information Technology company. The company is engaged in consulting, outsourcing, infrastructure, and digital solutions and services.
Over the years, the company has gained experience across various industries and sectors. We collaborate with companies to fulfill their ever-evolving Information Technology needs and support their business with our enabling solutions to strengthen their current capabilities and build pathways for sustainable growth.
Vertexplus ensures quality and time delivery in the most cost-effective manner to determine the success of complex enterprise projects through five delivery models:
- Off-shore Model
- On-site Model
- Hybrid Model
- Global Model
- Strategic Partnerships
Company Promoters
Mr. Sandeep Kumar Pahariya and Mrs. Niru Pahariya are the Promoters of the company.IPO Details
| IPO Opening Date | Mar 02, 2023 |
| IPO Closing Date | Mar 06, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹91 - 96 per equity share |
| Market Lot | 1200 Shares |
| Min Order Quantity | 1200 Shares |
| Listing At | NSE SME |
| Issue Size | ₹14.20 Cr |
| Fresh Issue | 1,479,600 shares of ₹10 (aggregating up to ₹[.] Cr) |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | - | - | 0.33x | 1.00x | 0.40x |
| Day 2 | 0.00x | - | - | 0.63x | 2.85x | 1.09x |
| Day 3 | 1.43x | - | - | 35.15x | 15.53x | 11.01x |
IPO Tentative Timetable
The Vertexplus Technologies Limited IPO open date is Mar 02, 2023, and the close date is Mar 06, 2023. The issue may list on Mar 15, 2023.
| IPO Open Date | Mar 02, 2023 |
| IPO Close Date | Mar 06, 2023 |
| Basis of Allotment Date | Mar 10, 2023 |
| Initiation of Refunds | Mar 13, 2023 |
| Credit of Shares to Demat Account | Mar 14, 2023 |
| IPO Listing Date | Mar 15, 2023 |
IPO Lot Size
The Vertexplus Technologies Limited IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹115200).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1200 | ₹115200 |
| Maximum | 1 | 1200 | ₹115200 |
IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1,103.71 | 2,025.61 | 104.98 |
| 31-Mar-22 | 1,308.76 | 2,132.04 | 186.05 |
| 30-Sep-22 | 1,599.17 | 1,091.71 | 91.26 |
Objects of the Issue:
The company intends to utilize the proceeds of the Issue to meet the following objects: -
- To Meet Working Capital Requirement
- General Corporate Purpose
- To Meet the Issue Expenses
Vertexplus Technologies Limited IPO Registrar:
Skyline Financial Services Private Ltd
Vertexplus Technologies Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Vertexplus Technologies Limited
B-19, 10-B Scheme, Gopalpura Road Jaipur
Jaipur
Jaipur
